The year 2018 saw India’s warehousing sector coming of age, outshining some of the conventional real estate asset classes and attracting global investors.
MAG Property Development, the real estate development arm of MAG Holding Group, announced the launch of its massive Dhs8 billion residential programme in Dubai, a move that boosts the company’s presence in the emirate’s real estate sector.
In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed Bin Rashid Al Maktoum has issued Law No. 4 of 2019 pertaining to Dubai’s Real Estate Regulatory Agency, Rera.
The new law is Law No. (4) of 2019, it states the restruction of legal provisions of the agency.
Dubai Land Department, DLD, has said that the real estate sector significantly contributed to GDP growth in the Emirate.
According to the real estate bulletin 3,036 new investors entered the market in January and February 2021, representing 62% of the total number of investors during the same period.
Alef Group, the leading real estate development company in the emirate of Sharjah on Monday signed a Memorandum of Understanding with the Sharjah Entrepreneurship Centre (Sheraa).
The handover process for the first four Areej Apartments buildings, amounting to 255 units in total, has now begun as the Sharjah developer continues its aggressive delivery plan for 2021.
The top three transactions were a land in Madinat Dubai Almelaheyah sold for Dhs212.6 million, followed by a land that was sold for Dhs53 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs212.6 million in Madinat Dubai Almelaheyah in third place.